2.Provincial
Legislation
•Ontario
Corporations Act (OCA)
–Directors must
be at least 18 years of age and not an
undischarged bankrupt
–Directors are
required to be members of the corporation
at the time of election or appointment,
or within ten days of being elected or
appointed
–Ex-officio directors are
permitted
–Qualification
requirements apply whether the director is
elected or ex officio
•